World Holdings (2429) investor relations material

Executive summary

• Net sales rose 17.4% year-over-year to ¥284,350 million, with operating profit up 25.9% to ¥10,820 million and profit attributable to owners of parent up 32.9% to ¥6,620 million, driven by a diversified business portfolio and strong Human Resources and Education segments despite an uncertain business climate due to U.S. tariffs.

• Ordinary profit and net income exceeded plans, supported by subsidy income and other factors.

• Comprehensive income increased 38.1% year-over-year to ¥7,226 million.

Financial highlights

• Operating profit margin improved to 3.8% from 3.5% year-over-year.

• Return on equity increased to 14.1% from 11.8% year-over-year.

• Net assets grew to ¥53,342 million, with an equity ratio of 26.6%.

• Cash and cash equivalents at year-end were ¥38,885 million.

• Dividend per share for 2025 was ¥129.50, with a payout ratio of 35.0%.

Outlook and guidance

• 2026 full-year net sales forecast at ¥300,326 million, up 5.6% year-over-year.

• Operating profit expected to rise 15.5% to ¥12,500 million.

• Profit attributable to owners of parent projected at ¥6,966 million, up 5.2% year-over-year.

• Activities to build a sound base for future growth included more co-sourcing, alliances, and partnerships across various sectors.